EGLD

📊 EGLD Market Update EGLD has formed a bullish double bottom 📈 👉 If it breaks out the red resistance zone 🔴, the first target will be the green line level 🎯

Believe it or not EGLD is going to drop to the next confluence support area at this level. The market has been terrible for now, and it will probably be for the next 2 months

🔎 Overview The EGLD/USDT (1D, Binance) chart is currently forming a classic descending triangle pattern: Lower Highs are pressing price downward along the yellow trendline. A strong horizontal demand zone at 11.40 – 13.50 USDT has been repeatedly tested as support. Price is compressing toward the apex of the triangle → as the range tightens, the likelihood of a strong breakout or breakdown increases significantly. --- 🧩 Technical Pattern Details Descending Triangle → historically leans bearish, but can flip bullish if the breakout occurs with strong volume. Volume has been contracting, a typical sign of market indecision before a large move. Support Zone 11.40 – 13.50 → key demand area; losing this level may trigger a strong sell-off. Dynamic Resistance: the descending yellow trendline remains the critical barrier for bulls. --- 📊 Bullish Scenario Confirmation: Daily close above the descending trendline with strong volume. Upside Targets: First hurdle: 16.29 USDT Next: 18.20 → 20.85 USDT Mid-term if momentum expands: 33.48 – 38.67 USDT Reasoning: A breakout above a descending triangle often sparks a short-covering rally, leading to fast gains. --- 📉 Bearish Scenario Confirmation: Daily close below 11.40 USDT. Downside Targets: Immediate: 11.00 – 10.50 USDT Extension: 9.60 USDT (next major low on chart). Reasoning: Breaking a multi-tested demand zone confirms sellers’ dominance, likely triggering a continuation of the downtrend. --- 🎯 Strategy & Risk Management Conservative Approach: Wait for confirmation (breakout/breakdown) + retest → safer entries. Aggressive Approach: Long near the demand zone with tight stop-loss below 11.40 (higher risk due to bearish bias of the pattern). Stop Loss: Below demand zone for longs, above broken support (retest) for shorts. Risk/Reward: Minimum 1:2 R:R ratio to keep trades profitable over time. --- 🚀 Conclusion EGLD/USDT is at a make-or-break level. A breakout above the trendline could fuel a rally toward 18–20 USDT. A breakdown below 11.40 USDT opens the door to 9.60 USDT or lower. The market is compressing, and the next decisive daily close with volume will likely set the direction. This is a high-watch setup. #EGLD #EGLDUSDT #Elrond #CryptoAnalysis #TechnicalAnalysis #ChartPattern #DescendingTriangle #SupportResistanc #CryptoTrading #BullishScenario #BearishScenario

eGold (EGLD) continues to respect a critical support zone aligned with the 0.618 Fibonacci retracement and the value area low. Holding above $14.22 could trigger a bullish rotation toward $20. Introduction: EGLD’s recent price action has highlighted the importance of its current support region, which holds multiple technical confluences. With the 0.618 Fibonacci retracement and the value area low reinforcing this level, buyers have so far maintained control. As long as price remains above $14.22, the bullish structure of higher highs and higher lows remains valid, setting the stage for potential continuation. Key Technical Points: - Critical Support at $14.22: Confluence with 0.618 Fibonacci retracement and value area low provides structural strength. - Bullish Market Structure Intact: Higher-low projections remain valid on the daily timeframe. - Next Target at $20: An untested high time frame level that could attract price if momentum builds. Main Analysis: The $14.22 level is a crucial pivot for EGLD, sitting directly in line with the 0.618 Fibonacci retracement and the value area low of the current trading range. These overlapping signals provide strong technical support and create favorable conditions for buyers to maintain control. This region has repeatedly acted as a foundation for consolidations, confirming its importance as a structural anchor. Price action continues to form higher lows and higher highs, which is a defining characteristic of bullish momentum. As long as this projection holds, the broader market structure remains positive. A decisive defense of the $14.22 region will only reinforce this trend, allowing buyers to prepare for another impulsive move higher. The $20 level stands out as the next significant target. This area has not yet been tested following recent price action and therefore is likely to act as a magnet for continuation. From a volume perspective, demand confirmation will be essential. The volume profile needs to show sustained bullish inflows to support acceleration toward $20, as price action alone is not enough to validate a breakout. Consolidation without volume could delay the rally, while a surge in participation would confirm that buyers are firmly committed. What to Expect in the Coming Price Action: If EGLD consolidates above $14.22 with sustained bullish volume, the probability of a rally toward $20 increases substantially. A break of this resistance would further validate the bullish structure. Conversely, losing $14.22 on a closing basis would undermine the higher-low projection and increase the risk of a deeper corrective move. Conclusion: eGold is holding firm at a major support zone, with the 0.618 Fibonacci retracement and value area low providing strong technical confluence. If buyers defend $14.22 and demand builds through volume, EGLD could rotate toward $20, reinforcing its bullish market structure. Failure to sustain this region, however, would challenge the bullish outlook and expose the asset to a deeper retracement.

It’s forming a Cup and Handle pattern on the 4H timeframe. The neckline corresponds to the 0.618 Fibonacci level. Once it breaks and closes above it, your target will be 20% from here. It’s a good buying opportunity now, but don’t use high leverage. Best regards: Ceciliones🎯

EGLDUSDT has another low of $7.5 due to a Measured Move

EGLDUSDT has another low of $7.5 due to a Measured Move

This time I shared this time for friends who could not learn to wait for the last football. It may be a stop at the level of clogging and closing on the level, or the position of the tp with the procedure of intense from the levels of alt.

📊 Detailed Technical Analysis (Daily Timeframe): 🔍 1. Market Structure & Chart Pattern Major Downtrend Line Breakout – Reversal Signal: After being stuck under a persistent downtrend for nearly 9 months, EGLD has officially broken out of the descending trendline, signaling a potential shift from distribution to expansion phase. This breakout is significant and could mark the beginning of a new bullish trend. Double Bottom + Accumulation Range: Price action shows a clear double bottom formation within the $13.00–$16.50 range, which acted as a strong accumulation zone. This horizontal structure suggests buyers have been silently accumulating before triggering this breakout. Resistance Turned Support (RBS): The breakout is now being retested around the $17 level. If EGLD holds this area, it would confirm a support flip, which is a classic bullish signal. Holding above this zone would give bulls full control over the next moves. 🟢 2. Bullish Scenario (Base Case): If the breakout sustains with increasing momentum: ✅ Short-Term Targets: $20.08 and $21.88 – minor historical resistance levels. ✅ Mid-Term Targets: $27.93 and $33.66 – key levels aligning with measured move targets and Fibonacci retracements. ✅ Long-Term Targets: $39.41, $48.41, up to $55.61–$58.25 – previous key highs and psychological zones. 💡 If EGLD successfully retests and holds above $17.00, it presents a strong opportunity for trend-following entries with favorable risk-reward. 🔴 3. Bearish Scenario (Alternative Case): If this breakout fails (false breakout scenario): ⚠️ Price could fall back into the previous accumulation range between $13.00–$15.50. A breakdown below that range could drag EGLD further down toward $11.40, or even $10.00 – a crucial long-term support zone. Lack of volume or weak bullish confirmation would be early signs of a failed breakout. 🧠 4. Sentiment & Broader Context: 🌐 This breakout comes at a time when altcoin capital rotation is starting to emerge as BTC dominance cools off. 🚀 EGLD, as a smart contract platform, historically performs well during altseason waves and ecosystem narratives. ✅ Final Thoughts: > EGLD has printed a significant breakout from long-term bearish control. With accumulation completed and momentum building, this may be the beginning of a bullish cycle. However, staying above the $17 level is the key validation to confirm this trend reversal. #EGLD #EGLDUSDT #CryptoBreakout #AltcoinSeason #TrendReversal #CryptoAnalysis #TechnicalAnalysis #BullishSetup #DoubleBottom

EGLD is approaching a key resistance level that may determine the next directional move. A reclaim above the point of control could set the stage for an uptrend continuation toward $37 and beyond. EGLD is currently trading at a critical resistance region — the point of control (POC) — which serves as the highest volume node within the current trading range. This level often acts as a magnet for price, but also presents resistance that can either trigger continuation or cause a short-term pullback. From a technical standpoint, EGLD remains in a local uptrend, but a higher low formation is needed to confirm the next leg upward. Key Technical Points: - Point of control acting as resistance – A key level that must be reclaimed to confirm bullish continuation - 0.618 Fibonacci retracement in play – Potential area for a higher low if price pulls back - Upside target near $37 – If structure holds, price could push beyond recent highs If EGLD fails to break through the point of control cleanly on the first attempt, a short-term pullback toward the 0.618 Fibonacci retracement becomes likely. This level provides strong technical support and a chance for buyers to step in and form a higher low — a key feature of a healthy, bullish structure. The presence of the 0.618 retracement just beneath current price action provides a strong technical safety net. Holding this level would not only preserve the uptrend but also set the stage for a push toward the $37 region, which marks the next major resistance and previous swing high. This scenario is contingent on the market maintaining bullish intent and avoiding a breakdown below the higher low structure. If price dips below the 0.618 level and fails to recover quickly, it would suggest weakness and potentially reset the structure to neutral or even bearish. That said, current price behavior indicates that bulls are in control — but a volume-backed breakout above the point of control will be the key trigger. If this occurs, it could catalyze a fast move toward new local highs. If EGLD reclaims the point of control with strong volume, expect bullish continuation toward the $37 target. However, a short-term pullback remains likely, with the 0.618 Fibonacci zone offering a potential higher low setup. Watch for volume spikes and structure confirmation to validate the next move.